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Malaysia keeps January crude palm oil export duty at 8%

KUALA LUMPUR: Malaysia has maintained its January export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.

The world’s second-largest palm exporter calculated a reference price of 3,889.52 ringgit ($880.98) per tonne for January.

Malaysian palm oil futures surge on China optimism

The December reference price was 3,847.24 ringgit a tonne.

Malaysia keeps January crude palm oil export duty at 8%

Source: Brecorder

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